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New council to build business ties with East Timor; the new country of East Timor is looking to rebuild after its tumultuous past. Tamsyn Smith reports on how Australian businesses are helping with the process. (New Opportunities).

From: Business Asia  |  Date: 7/1/2002  |  Author: Smith, Tamsyn

On 20 May this year, East Timor became the world's newest country. The celebrations of becoming an independent nation have been replaced by an energetic bid to attract the right kind of foreign investment, as the East Timor Government takes a realistic look at the state of its affairs.

The country is currently suffering from an energy crisis, disrupted infrastructure and an unstable economy--an overall situation that requires a great amount of effort to turn around.

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